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PlantX Completes Acquisition of Bloombox Club UK

VANCOUVER, BC, Nov. 6, 2020 /CNW/ - PlantX Life Inc. (the "Company" or "PlantX") (CSE: VEGA) (Frankfurt: WNT1) announces that it has completed its acquisition of Bloomboxclub Limited ("Bloombox Club UK") that was previously announced on September 24, 2020 (the "Acquisition").A  Bloombox Club UK is a privately-held e-commerce company based in the United Kingdom that sells and delivers indoor plants to its established wellness community via subscription service and online shop.A The Acquisition helps PlantX execute on its international expansion strategy, as well as expand its e-commerce capabilities.
PlantX Completes Acquisition of Bloombox Club UK
Bloombox Club UK will continue to operate as a wholly owned subsidiary run by its founder, Dr. Katie Cooper and her UK team, while leveraging the deep e-commerce and technical expertise of PlantX to drive higher conversions and accelerate expansion into Netherlands, Germany and the rest of Europe. Further, Bloombox Club UK will lend PlantX its expertise in the house plant vertical to enable the Company to further grow in the North American market. PlantX plans to continue sourcing its plants from Geoponics, but will also grow its selection by having Bloombox Club UK locate additional partners that will make available their plant inventory and products on the Company's ecommerce platform."We are really excited to become a part of the PlantX family," said Dr. Katie Cooper, Bloombox Club founder and CEO. "We can't wait to be part of a bigger and more global team with a wider strategic vision, and we look forward to combining all our teams' expertise and skills."
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